David Rae Buys 12,000 Shares of Dundee Precious Metals Inc. (TSE:DPM) Stock

Dundee Precious Metals Inc. (TSE:DPMGet Rating) Senior Officer David Rae acquired 12,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average price of C$5.99 per share, for a total transaction of C$71,880.00. Following the completion of the purchase, the insider now directly owns 340,018 shares of the company’s stock, valued at approximately C$2,036,707.82.

Dundee Precious Metals Trading Up 3.3 %

Shares of DPM opened at C$6.20 on Friday. Dundee Precious Metals Inc. has a 12-month low of C$5.53 and a 12-month high of C$9.65. The company has a quick ratio of 5.57, a current ratio of 6.25 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of C$1.18 billion and a price-to-earnings ratio of 5.54. The stock’s 50-day moving average price is C$6.22 and its 200 day moving average price is C$7.09.

Dundee Precious Metals (TSE:DPMGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.19 by C$0.03. The firm had revenue of C$171.67 million for the quarter. As a group, research analysts predict that Dundee Precious Metals Inc. will post 1.1200001 earnings per share for the current year.

Dundee Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, September 29th. Dundee Precious Metals’s payout ratio is 18.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DPM shares. CIBC dropped their price objective on Dundee Precious Metals from C$11.50 to C$10.00 in a research note on Tuesday, August 2nd. Scotiabank dropped their price objective on Dundee Precious Metals from C$13.00 to C$12.50 in a research note on Friday, July 29th. National Bankshares upgraded Dundee Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$8.75 to C$10.00 in a research note on Tuesday, August 2nd. Finally, National Bank Financial upgraded Dundee Precious Metals from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Monday, August 1st. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$11.00.

About Dundee Precious Metals

(Get Rating)

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. Its principal operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located to the east of Sofia, Bulgaria; the Ada Tepe operation that produces a gold concentrate containing gold and silver located in southern Bulgaria, near the town of Krumovgrad; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.

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